Definition of costing in English:


Line breaks: cost|ing
Pronunciation: /ˈkɒstɪŋ


(often costings)
  • 1The proposed or estimated cost of producing or undertaking something: he obtained costings for manual keyboarding of the records
    More example sentences
    • ‘We have presented all our costings to the regulator and he will make a determination thereafter,’ the spokesman said.
    • Brochures and costings are to be obtained with the possibility of new equipment being provided on the play area.
    • We will then be able to present some options with costings.
  • 1.1 [mass noun] The process of calculating a costing: detailed costing can make the difference between an excellent idea and a ruinous one
    More example sentences
    • Target costing is a process of determining a maximum allowable cost for a product by subtracting a desired profit from the product's market price.
    • We take firms through a process called activity-based costing.
    • Energy modeling and lifecycle costing can give facility executives a solid idea of the costs and benefits associated with their choices before a facility is built.

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